India Worried About Rapid Oil Price Rally

India’s Petroleum Minister Dharmendra Pradhan has warned that higher oil prices could interfere with global economic recovery in the latest signal from New Delhi—one of the world’s biggest drivers of oil demand growth—is unhappy with where prices are going. “Efforts at artificially distorting prices will have a dampening effect on the fragile global economic recovery that is underway,” Pradhan said, as quoted by Reuters, at the S&P Global Platts South Asia Commodities Forum. This is not the first time…